smartphone

Smartphone Maker Xiaomi Confirms EV Venture, Plans $10B Investment Over 10 Years

Benzinga

The Daily Biotech Pulse: Wave Life Sciences Pulls Plug On 2 Assets, Amarin’s Vascepa Snags European Approval, Biocept Jumps On Earnings

Here’s a roundup of top developments in the biotech space over the last 24 hours: Scaling The Peaks (Biotech Stocks Hitting 52-week Highs March 29) Edgewise Therapeutics, Inc. (NASDAQ: EWTX) (went public Friday) Gain Therapeutics, Inc. (NASDAQ: GANX) GW Pharmaceuticals plc (NASDAQ: GWPH) Universe Pharmaceuticals INC (NASDAQ: UPC) Down In The Dumps (Biotech Stocks Hitting 52-week Lows March 29) 4D Molecular Therapeutics, Inc. (NASDAQ: FDMT) AbCellera Biologics Inc. (NASDAQ: ABCL) Adagene Inc. (NASDAQ: ADAG) ADMA Biologics, Inc. (ADMA) Avidity Biosciences, Inc. (NASDAQ: RNA) Bellerophon Therapeutics, Inc. (NASDAQ: BLPH) Chiasma, Inc. (NASDAQ: CHMA) Decibel Therapeutics, Inc. (NASDAQ: DBTX) Epizyme, Inc. (NASDAQ: EPZM) Evaxion Biotech A/S (NASDAQ: EVAX) Freeline Therapeutics Holdings plc (NASDAQ: FRLN) Fusion Pharmaceuticals Inc. (NASDAQ: FUSN) Gracell Biotechnologies Inc. (NASDAQ: GRCL) IMARA Inc. (NASDAQ: IMRA) Kala Pharmaceuticals,

Read more

China smartphone maker Xiaomi to make investments $10 billion in new EV device around 10 many years

SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp has formally entered the automotive business with a new good electrical vehicle (EV) small business, the company announced on Tuesday in a submitting.

FILE Photo: The brand of Xiaomi is noticed inside of the firm’s business in Bengaluru, India, January 18, 2018. REUTERS/Abhishek N. Chinnappa

The company will originally spend 10 billion yuan ($1.52 billion) in the wholly-owned subsidiary, with a whole investment aim of $10 billion more than the future 10 several years.

Xiaomi CEO Lei Jun will also serve as CEO of the smart electric powered motor vehicle device, the enterprise additional.

The company’s shift into the EV industry follows comparable steps by other tech giants, both in China and overseas.

In January, Chinese look for big Baidu Inc announced it would produce an EV unit by way of a partnership with domestic car maker Geely Auto Holdings Ltd.

In February,

Read more